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Level 1

Does sale receipt double my income? should i create an invoice and then go in and receive payment

 
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QuickBooks Team

Does sale receipt double my income? should i create an invoice and then go in and receive payment

Creating a sales receipt will not double your income, @Fernando2547.

 

In order not to double your income, when recording one, you can choose to either create an invoice or add a sales receipt. An invoice is used when your customer agrees to pay you later while a sales receipt is used when your customer pays you on the spot for goods or services.

 

You can check this article for more information: What is the difference between an invoice, sales receipt, bill, and statement?.

 

Here's how to create and send invoices in QuickBooks Online (QBO):

  1. Go to the + New button and choose Invoice.
  2. From the Customer ▼ dropdown, select a customer. 
  3. Enter a quantity, rate and change amount if needed.
  4. Provide all the necessary information
  5. Click on Save and send once you're done.

See this article for more information on how to create invoices in QuickBooks Online and on how to receive and categorize invoice payments.

 

To create a sales receipt:

  1. Click the + New button and choose Sales receipt.
  2. Choose the name of the customer. 
  3. Provide all the necessary information.
  4. Click on Save and send once you're done.

You can check this article for your reference: Create and send sales receipts in QuickBooks Online.

 

Let me know if you have any additional concerns with creating invoices and sales receipts. I'm always here to help. Have a wonderful day!

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